CRCD vs. CARD
CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. CRCD is actively managed, while CARD is passively managed. At a 0.34 correlation, their price movements are largely independent. CRCD charges 1.50%/yr vs 0.95%/yr for CARD.
Performance
CRCD vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, CRCD achieves a -80.82% return, which is significantly lower than CARD's -4.58% return.
CRCD
- 1D
- 9.65%
- 1M
- 25.76%
- 6M
- -78.50%
- YTD
- -80.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- 3.15%
- 1M
- -2.03%
- 6M
- 9.69%
- YTD
- -4.58%
- 1Y
- -31.37%
- 3Y*
- -46.63%
- 5Y*
- —
- 10Y*
- —
CRCD vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -80.82% | 38.83% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | -4.58% | -7.24% |
Correlation
The correlation between CRCD and CARD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.34 |
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Return for Risk
CRCD vs. CARD — Risk / Return Rank
CRCD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CARD
CRCD vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRCD | CARD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.75 | — |
| Martin ratioReturn relative to average drawdown | — | -1.13 | — |
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Drawdowns
CRCD vs. CARD - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, roughly equal to the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for CRCD and CARD.
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Drawdown Indicators
| CRCD | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.95% | -93.51% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -93.51% | — |
Current DrawdownCurrent decline from peak | -90.91% | -92.83% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -59.54% | -69.12% | +9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.71% | — |
Volatility
CRCD vs. CARD - Volatility Comparison
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Volatility by Period
| CRCD | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.32% | 70.71% | +130.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 201.32% | 80.43% | +120.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 201.32% | 80.43% | +120.89% |
CRCD vs. CARD - Expense Ratio Comparison
CRCD has a 1.50% expense ratio, which is higher than CARD's 0.95% expense ratio.
Dividends
CRCD vs. CARD - Dividend Comparison
Neither CRCD nor CARD has paid dividends to shareholders.
Frequently Asked Questions
CRCD and CARD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARD is cheaper with a 0.95% expense ratio, compared with 1.50% for CRCD.
CRCD and CARD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T-Rex and Max. Their fees differ too: 1.50% for CRCD and 0.95% for CARD.
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